Yigit Taha OZTURK 
The cryptocurrency market has faced intense selling pressure in the past 24 hours. Bitcoin (BTC) dropped 6.54% to $79,172, while Ethereum (ETH) declined 8.68% to $2,106. A similar trend was observed in altcoins, with red dominating the overall market.
Bitcoin Technical Analysis
On the daily chart, Bitcoin is moving within a broad Fair Value Gap (FVG) in an upward direction. If this zone is lost, a decline toward the $75,000 level could occur. On the other hand, $85,265 stands out as the nearest resistance level in case of an upward move. Breaking this level could trigger a new uptrend in BTC price.
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How Much Have Coins Dropped?
The past 24 hours have seen significant declines in the cryptocurrency market. Bitcoin (BTC) lost 6.54%, dropping to $79,172. Ethereum (ETH) fell 8.68% to $2,106. Among major altcoins, Solana (SOL) decreased by 6.89% to $128.20, XRP declined 8.52% to $2.0110, and Dogecoin (DOGE) plunged 10.36% to $0.1854. Binance Coin (BNB) fell 5.96% to $569.34, while Cardano (ADA) dropped 7.97% to $0.5937. The prevailing selling pressure is making investors cautious.
While some altcoins have shown signs of recovery, the overall market remains weak. Rune (RUNE) gained 6.59%, and Pepe (PEPE) surged 10.02%, making them standout performers in the market.
With uncertainty surrounding market direction, investors should remain cautious about large price movements. The testing of critical support levels suggests that volatility may persist in the coming days.
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